Stratos Wealth Partners LTD. Has $3.60 Million Position in Jack Henry & Associates, Inc. $JKHY

Stratos Wealth Partners LTD. grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,994 shares of the technology company’s stock after purchasing an additional 815 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Jack Henry & Associates were worth $3,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JKHY. Summit Securities Group LLC acquired a new stake in Jack Henry & Associates during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates in the first quarter valued at approximately $38,000. Private Trust Co. NA increased its stake in shares of Jack Henry & Associates by 49.0% in the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. Assetmark Inc. raised its stake in Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after acquiring an additional 149 shares in the last quarter. Finally, National Pension Service increased its position in Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company’s stock worth $49,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.0%

Shares of Jack Henry & Associates stock opened at $152.93 on Friday. The firm has a market capitalization of $11.11 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 2.77 and a beta of 0.78. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The business’s fifty day simple moving average is $156.63 and its 200 day simple moving average is $169.67.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.25. The company had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio is currently 37.18%.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on JKHY shares. UBS Group lowered their target price on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. The Goldman Sachs Group dropped their target price on shares of Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Robert W. Baird set a $172.00 target price on Jack Henry & Associates in a research note on Friday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average price target of $173.25.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.